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$CEB (5311.MY)$ Even though the provident fund company sold ...

$CEB (5311.MY)$ Even though the provident fund company sold 6 million shares, it still holds 10 million shares. The stock price dropped from RM1 in July to RM0.4, a 60% retracement. Whether the low point of RM0.345 is the historical lowest point remains to be seen in the financial reports and company outlook, not just recent sales. Shareholders also have the need to make profits and adjust their positions, which is nothing out of the ordinary, so everyone should not fear missing out. As for whether the selling pressure has ended, we still need to see if the financial report at the end of the month can restore confidence to buyers.

Currently, the support at RM0.39 is relatively strong. As long as the stock price remains stable nearby, waiting for the financial report to be released, there is still a chance for an upward trend on the right.
$CEB (5311.MY)$ Even though the provident fund company sold 6 million shares, it still holds 10 million shares. The stock price dropped from RM1 in July to RM0....
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